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Institute of Insurance Brokers launches regulatory council

The Institute of Insurance Brokers has launched its regulatory division, the Institute of Insurance Brokers Regulatory Council, which gives consumers a guarantee that their adviser is an “independent professional.”

The IIBRC will only regulate professional insurance broking practices and not direct dealers, tied agents or retailers who sell insurance as a sideline or intermediaries who they say cannot meet prescribed standards.

It will be solely responsible for making the rules, conducting disciplinary proceedings, imposing sanction and operating the compensation scheme.


Value added facts

In looking at the objective and subjective factors aff ecting an individual&#39s decision on whether or not it would be preferable to transfer preserved pension benefits from a defined-benefits occupational pension scheme to a private arrangement, we have now reached the second of four (or, in many cases, five) stages in the calculation of a […]

ICMG – Self-Certification

Thursday, 25 October 2001.Discounted term: Until December 1, 2002.Discount: 1.5 per cent until March 1, 2002, 0.7 per cent until December 1, 2002.Payable rate: 4.99 per cent until March 1, 2002, 5.69 per cent until December 1, 2002.Minimum loan: £25,001.Maximum loan: Up to 80 per cent of valuation subject to a maximum of £500,000, up […]

Royal & SunAlliance – Trustee Investment Plan

Wednesday, 24 October 2001.Type: Trustee investment plan.Minimum premium: Lump sum £10,000.Investment choice: Cash deposit, fixed interest, index-linked, pension protector, balanced growth, managed growth, unitised with-profits, equity, FTSE allshare tracker, property, UK leader and eurotech.Charges: Annual up to 1 per cent.Allocation rate: 100 per cent.Options: Penalty free withdrawals up to 5 per cent a year.Commission: Up […]

Mark of distinction?

The Raising Standards initiative is banking on IFAs&#39 support to make the quality mark, awarded to the first five brands last week, a success.But how exactly will it benefit advisers and how long will it be before IFAs can use the quality mark for its intended purpose of raising confidence and ultimately growing the market […]

Japan: mid-year review and outlook

By Chris Taylor, Manager of the Neptune Japan Opportunities Fund H1 2014 Economy: after a harsh winter that slowed activity in the economy, the main event of the first half of the year has been the debate over what impact the 1 April VAT hike from five to eight per cent would have; we are […]


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